I guess real question is will it hold here or sell back off again
Valeant? VRX
- Thread starter NoVoodooHere
- Start date
I'm still holding some of the common, but I'm going to wait for vol to die down a bit and then load up on 18AUG17 strangles to play the implied vol ramp into earnings on Aug 8th....I think that is the most "certain" money to be made here...last earnings brought extreme fireworks and I think traders will start looking for that again as we get closer to earnings.
First, congratulations because there were so many naysayers (m22au...).
Now, Valeant is a LT buy. But after a +120% rise, Valeant can't hold much longer.
Support zone is @14.5 /15 (a little -20% decrease), a good opportunity to increase holdings.
CM
1 month later... VRX close to a big rebound if 14.5 / 15 dollars holds.
Target : 20.
CM
Hedge fund Paulson & Co trims stake in Valeant
http://www.reuters.com/article/valeant-pharm-in-stake-paulson-idUSL4N1KV6JK
http://www.reuters.com/article/valeant-pharm-in-stake-paulson-idUSL4N1KV6JK
Well that's disappointing lol
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